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Code · South Dakota · Title 57 · Chapter 57-4

57A-4-203. Effect of instructions.

61 words·~1 min read·/sd/title-57/chapter-57-4/57a-4-203

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Subject to chapter 57A-3 concerning conversion of instruments (§ 57A-3-420 ) and restrictive endorsements (§ 57A-3-206 ), only a collecting bank's transferor can give instructions that affect the bank or constitute notice to it, and a collecting bank is not liable to prior parties for any action taken pursuant to the instructions or in accordance with any agreement with its transferor.
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